Ethereum Classic Performance
| ETC Crypto | USD 32.72 0.77 2.41% |
The crypto shows a Beta (market volatility) of 0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, Ethereum Classic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ethereum Classic is expected to be smaller as well.
Risk-Adjusted Performance
19 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Ethereum Classic are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Ethereum Classic exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Ethereum |
Ethereum Classic Relative Risk vs. Return Landscape
If you would invest 1,765 in Ethereum Classic on September 1, 2024 and sell it today you would earn a total of 1,507 from holding Ethereum Classic or generate 85.38% return on investment over 90 days. Ethereum Classic is generating 1.0396% of daily returns assuming 4.2484% volatility of returns over the 90 days investment horizon. Simply put, 37% of all crypto coins have less volatile historical return distribution than Ethereum Classic, and 80% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Ethereum Classic Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ethereum Classic's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Ethereum Classic, and traders can use it to determine the average amount a Ethereum Classic's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2447
| Best Portfolio | Best Equity | |||
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| Small Returns | ETC | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.25 actual daily | 37 63% of assets are more volatile |
Expected Return
| 1.04 actual daily | 20 80% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 19 81% of assets perform better |
Based on monthly moving average Ethereum Classic is performing at about 19% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ethereum Classic by adding it to a well-diversified portfolio.
About Ethereum Classic Performance
By analyzing Ethereum Classic's fundamental ratios, stakeholders can gain valuable insights into Ethereum Classic's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Ethereum Classic has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Ethereum Classic has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Ethereum Classic is peer-to-peer digital currency powered by the Blockchain technology.| Ethereum Classic appears to be risky and price may revert if volatility continues |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ethereum Classic. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.